de Check OT A buyer uses a perpetual inventory system, and it purchases merchandise on terms of FOB shipping point. On December 2 shipping company sends an invoice for $125 to the party responsible for the freight charges, and cash payment is made imr Complete the buyer's necessary journal entry by selecting the account names from the drop-down menus and entering the amounts in the debit or credit column. View transaction list Journal entry worksheet 1 A buyer uses a perpetual inventory system, and it purchases merchandise on terms of FOB shipping point. On December 20, the shipping company sends an invoice for $125 to the party responsible for the freight charges, and cash payment is made immediately. Note: Enter debits before credits.

A buyer uses a perpetual inventory system, and it purchases merchandise on terms of FOB shipping point. On December 2 shipping company sends an invoice for $125 to the party responsible for the freight charges, and cash payment is made im Complete the buyer's necessary journal entry by selecting the account names from the drop-down menus and entering the amounts in the debit or credit column. Journal entry worksheet A buyer uses a perpetual inventory system, and it purchases merchandise on terms of FOB shipping point. On December 20 , the shipping company sends an invoice for $125 to the party responsible for the freight charges, and cash payment is made immediately. A buyer uses a perpetual inventory system, and it purchases merchandise on terms of FOB shipping point. On December 20 . the shipping company sends an invoice for $125 to the party responsible for the freight charges, and cash payment is made immediately. Complete the buyer's necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit column. Journal entry worksheet A buyer uses a perpetual inventory system, and it purchases merchandise on terms of FOB shipping point, On December 20 , the shipping company sends an invoice for $125 to the party responsible for the freight charges, and cash payment is made immediately